Brief: Tuff Group Sale Of Shares By Core Shareholders

Libero football finance AG

21/12/2021 13:08

Dec 21 (Reuters) - TUFF GROUP AG  TUFG.F :
    * SALE OF SHARES BY CORE SHAREHOLDERS
    * ANNOUNCES THAT THE CORE SHAREHOLDERS OF THE COMPANY, MR.
GANESH
PAULRAJ AND MR. NATARAJAN PAULRAJ, HAVE SOLD THEIR TOTAL
HOLDINGS OF 37,914,010 SHARES IN THE COMPANY, CORRESPONDING TO
JUST UNDER 95% OF THE TOTAL SHARES, OVER THE COUNTER
    * COMPANY HAD ALREADY ANNOUNCED THE HOLDING OF SALES TALKS
IN THIS
REGARD IN THE AD HOC ANNOUNCEMENT OF 2 DECEMBER 2021
    * THE CLOSING OF THE SALE AND PURCHASE AGREEMENT IS STILL
SUBJECT
TO THE OCCURRENCE OF CUSTOMARY CONDITIONS
    * OPERATING SUBSIDIARY TUFF OFFSHORE ENGINEERING SERVICES
PTE.
LTD., SINGAPORE, IS NOT PART OF THE TRANSACTION, AS IT WILL BE
SOLD TO THE PREVIOUS MAJOR SHAREHOLDER, MR GANESH PAULRAJ, ON
THE BASIS OF A SEPARATE PURCHASE AGREEMENT, THE CONCLUSION OF
WHICH WAS APPROVED BY THE ANNUAL GENERAL MEETING ON 16 DECEMBER
2021 UNDER AGENDA ITEM 6.

Source text for Eikon:  ID:nEQ2pv01ja 
Further company coverage:  TUFG.F 

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